Sotheby’s Hong Kong hosted its first wine auction of 2018 this past weekend, offering bottles from the private collection of a respected aficionado, who remained anonymous, with one 50-year-old bottle of Yamazaki Single Malt Whisky selling for the record-smashing price of $2,337,000 HKD, or $298,879 USD.

The whisky smashed its expected sale ceiling of $1,100,000 HKD, more than doubling the estimate and breaking the record for highest-recorded sale price of Japanese whisky. Produced by Suntory, Japan’s oldest distillery, the Yamazaki is a legend in the whisky community due to its award-winning flavor and scant availability. This particular bottle is from a limited run of bottles released in 2011, and was accompanied by a handcrafted wooden case.

An anonymous bidder purchased the Yamazaki, beating out ten bottles of Richebourg 1976 Henri Jayer (sold for $1,476,000 HKD, or approximately $188,766 USD) to become the priciest lot of the auction.